Simplify Exchange Correlations

NMB Etf

24.66 0.15 0.60%

The current 90-days correlation between Simplify Exchange Traded and Advisors Inner Circle is 0.26 (i.e., Modest diversification). The correlation of Simplify Exchange is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Simplify Exchange Correlation With Market

Very good diversification

The correlation between Simplify Exchange Traded and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Exchange Traded and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Simplify Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Simplify Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Simplify Etf

0.77	NFLX	Netflix	Pair Corr
0.68	MSFT	Microsoft	Pair Corr

Moving against Simplify Etf

0.65	INR	Infinity Natural Res	Pair Corr
0.59	DFNM	Dimensional ETF Trust	Pair Corr
0.59	JAVA	JPMorgan Active Value	Pair Corr
0.57	MMIT	IQ MacKay Municipal	Pair Corr
0.53	HMOP	Hartford Municipal	Pair Corr
0.53	MUST	Columbia Multi Sector	Pair Corr
0.53	CAM	AB Active ETFs	Pair Corr
0.52	ITM	VanEck Intermediate Muni	Pair Corr
0.5	FMB	First Trust Managed	Pair Corr
0.5	TAXF	American Century Div	Pair Corr
0.5	FB	ProShares Trust ProShares	Pair Corr
0.49	JMUB	JPMorgan Municipal	Pair Corr
0.49	PCLN	2023 ETF	Pair Corr
0.44	MUB	iShares National Muni Sell-off Trend	Pair Corr
0.44	VTEB	Vanguard Tax Exempt	Pair Corr
0.4	CA	Xtrackers California	Pair Corr
0.33	TOT	Advisor Managed Port	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.59	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.56	BA	Boeing	Pair Corr
0.54	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.51	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.5	INTC	Intel	Pair Corr
0.48	CVX	Chevron Corp	Pair Corr
0.4	VZ	Verizon Communications Aggressive Push	Pair Corr
0.37	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.47	-0.53	0.48	0.21	-0.59	-0.11	0.33	0.53	0.48	META
MSFT	-0.47		0.77	-0.48	-0.57	0.67	0.77	-0.01	-0.82	-0.89	MSFT
UBER	-0.53	0.77		-0.42	-0.35	0.75	0.44	-0.17	-0.79	-0.71	UBER
F	0.48	-0.48	-0.42		-0.1	-0.36	-0.14	0.37	0.65	0.57	F
T	0.21	-0.57	-0.35	-0.1		-0.25	-0.7	-0.05	0.28	0.49	T
A	-0.59	0.67	0.75	-0.36	-0.25		0.39	-0.11	-0.58	-0.74	A
CRM	-0.11	0.77	0.44	-0.14	-0.7	0.39		0.41	-0.46	-0.77	CRM
JPM	0.33	-0.01	-0.17	0.37	-0.05	-0.11	0.41		0.26	-0.02	JPM
MRK	0.53	-0.82	-0.79	0.65	0.28	-0.58	-0.46	0.26		0.79	MRK
XOM	0.48	-0.89	-0.71	0.57	0.49	-0.74	-0.77	-0.02	0.79		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XOM	+ 0.79	MRK
UBER	+ 0.77	MSFT
CRM	+ 0.77	MSFT
A	+ 0.75	UBER
A	+ 0.67	MSFT
MRK	+ 0.65	F

High negative correlations

XOM	- 0.89	MSFT
MRK	- 0.82	MSFT
MRK	- 0.79	UBER
XOM	- 0.77	CRM
XOM	- 0.74	A
XOM	- 0.71	UBER

Simplify Exchange Competition Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Exchange ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Simplify Exchange's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.48	0.08	0.02	0.24	1.42	(1.77)	3.43	(2.60)	13.69
MSFT	1.34	(0.34)	0.00	(0.74)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.44)	0.00	(0.66)	0.00	0.00	2.41	(3.82)	11.09
F	1.21	0.01	0.01	0.11	1.19	(1.48)	3.38	(2.35)	7.16
T	1.00	0.22	0.13	2.45	0.77	(1.17)	3.87	(1.54)	5.31
A	1.21	(0.32)	0.00	(0.16)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.66	(0.47)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.23	(0.14)	(0.05)	0.00	1.73	(1.28)	2.34	(3.11)	7.38
MRK	1.32	0.45	0.31	0.75	1.00	(1.65)	3.59	(1.98)	8.74
XOM	1.20	0.47	0.29	3.81	0.90	(1.43)	2.69	(2.11)	5.85

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